Prudent Man Advisors LLC Has $1.97 Million Stock Position in Visa Inc. $V

Prudent Man Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 32.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,561 shares of the credit-card processor’s stock after purchasing an additional 1,360 shares during the period. Prudent Man Advisors LLC’s holdings in Visa were worth $1,974,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in V. Brighton Jones LLC grew its stake in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the period. Revolve Wealth Partners LLC grew its stake in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after acquiring an additional 4,817 shares during the period. Cohen Investment Advisors LLC grew its stake in Visa by 3,263.0% in the first quarter. Cohen Investment Advisors LLC now owns 440,386 shares of the credit-card processor’s stock valued at $154,338,000 after acquiring an additional 427,291 shares during the period. Sovran Advisors LLC grew its stake in Visa by 28.1% in the first quarter. Sovran Advisors LLC now owns 4,870 shares of the credit-card processor’s stock valued at $1,605,000 after acquiring an additional 1,067 shares during the period. Finally, Goodman Advisory Group LLC acquired a new stake in Visa in the first quarter valued at approximately $590,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Citigroup raised Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Macquarie raised their price objective on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Truist Financial reduced their price objective on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Oppenheimer raised their price objective on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley raised their price objective on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $392.75.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.

Visa Stock Down 0.1%

V stock opened at $347.51 on Wednesday. Visa Inc. has a twelve month low of $281.35 and a twelve month high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average is $344.99 and its 200-day moving average is $348.25. The firm has a market capitalization of $636.92 billion, a PE ratio of 33.94, a P/E/G ratio of 2.06 and a beta of 0.90.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company earned $2.71 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.